Franchising Advantages And Disadvantages

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As firms continue to expand their operations, they have often relied on franchising to create a more prominent presence nationwide. While franchising may seem to be a natural business practices, it is not without its share of benefits and hindrances. In the case of benefits, franchised firms have their brand’s pre-attached reputation which facilitates attracting customers as they already know the brand compared to an independent establishment. This assists in reducing advertising costs as they are spread nationwide and does not require introducing customers to the brand. Another benefit of franchising compared to independent businesses is that their startup costs are relatively lower as the franchisor is solely responsible for purchasing the…show more content…One instance of this is that independent retailer provides the owner with greater empowerment and creative control over business operations compared to being confined to a franchisor’s requirements. This advantage is particularly beneficial for aspiring entrepreneurs who wish to gain a unique foothold within the market rather than conforming to run-of-the-mill options. On a similar note, independent businesses are able to have greater retain of their profits without having to pay royalties to the parent company, which provides owners with greater economic freedom to invest in new equipment/product offerings compared to having everything controlled by an overseeing organization. By allowing greater control over one’s profits, this allows the individual firm to have greater control over day-to-day operations and maintaining the business rather than waiting for assistance from corporate. Finally, if an independent business allows to expand its operations into multiple units, the firm is granted the ability to adapt their product offerings geared towards local tastes and lifestyles, rather than a uniform offering. This is particularly evident in the restaurant industry as independent firms are allowed greater freedom to rotate menu offerings based on regional demand compared to franchised restaurants which offer the same products

The reason America needs restaurant franchising companies is so more restaurants will succeed and help people realize their dreams of opening their own restaurant. The need for a restaurant franchising company is more prevalent then most people may realize. According to BloombergBusinessWeek.com, 60 percent of all restaurants fail. I believe that with my franchising firm I could help future business owners reach their personal dreams and financial goals. The most successful restaurants started

country.
There are the 3 investment options which Jollibee Foods Corporation can use to expand their business which are franchising, joint venture and wholly owned subsidiaries. Franchising can help the company can reduce cost and risks of opening a foreign market on it owns. In addition, franchising is a good way to build a global presence quickly. Apart from that franchising creates another source of income for the franchisor and spread out the risk by multiple numbers of locations through people

Non-food brands included The Big Brake Safety Center, The Golden Oaks Retirement Homes, United Rent-Alls, House of Nine, and Sawyer College of Business. Through franchising the company was able to open new locations and grow many of these brands. This growth was quite fast for something that was nothing six years ahead of time. Before this essay I had never know that they did more than make pancakes, imagine that.
Acquisitions continued in the early 1970's when the company purchased The Shirt Gallery

shares, gain more power, lead the market and become the brand leader. There are many different types of growth strategies and they can be divided into two groups, organic (internal) growth strategies and inorganic (external) growth strategies. This essay aims to discuss and analyse how these growth strategies work for entrepreneurial ventures.
Literature Review
Internal growth strategies are strategies that grow the businesses by using its own resources. Market Penetration, Market Development, Product

a limited time cookie for the NHL playoffs this year. This years ads are much improved from last year’s ads because of the stability of the NHL as a whole. This is the third consecutive year in which the games will be televised in the U.S.
Part II Essay I:
The events of last year’s Boston Marathon were tragic and shocked the entire world, yet the Boston Athletic Association (BAA) had to find a way to get people to come back for next year’s race. The BAA first started its efforts immediately after

Articles of Franchise
What Is Franchising
The term franchise covers a wide range of arrangements under which the
owner of a product, process, service or even just a name (e.g.
sportsman) will issue a license to make or use something in exchange
for some form of payment
Here are some various types of franchise businesses (which are common
to business format franchise):
Ø A license to a manufacture a certain product within a certain
territory and over a given

This essay discusses the importance of knowing the business environment together with the social and economic factors that have both a direct and indirect impact on the business world. The following are the three subsections on how the essay is arranged. Firstly, the discussion tackles the abstract and then followed by the introduction of the essay. In addition, the essay also has the body part where all the detailed discussion is done. Finally are the conclusion and the reference part of the essay

Have you ever wondered about Dublin, Ireland? Well, in this essay will inform you about the international business, global economy, economic factors, imports and exports, cultural and social factors, and why you should visit! International business is comprises all commercial transactions that take place between two or more regions, countries and nations, beyond their political boundaries. There is a difference between international and domestic trade. The difference is that international

Motion pictures have been entertaining people of all languages from their beginnings in silent films, to television and now on the World Wide Web. This essay will be discussing the recent history and innovations of both film and television as well as the advent and growth of the franchise, the merging of the two medias, the synergy of both motion medias into the New Media, and the effect of New Media on their future.
Film has had huge leaps in technology in the last 3 decades beginning with

H&M.
Q4
H&M value chains and value network
H&M business model revolves around retailing of latest fashion designer clothing, cosmetics and shoes for all ages and gender from more than 30000 leased store premises, the internet, catalogues and franchising giving them competitive advantage over most of their rivals. Its brand and image developed since the opening of their first shop in 1947 adds value and is associated with stylish collections sold at lower prices compared to most of its competitors